I thought the agreement said it had to be bankable at 8% or 12% depending on the size of the mine. The 12% was for a 65k TPD throughput I thought? Can anyone repost that part of the agreement.

I believe someone gave you the link the other day--I don't have it handy.

What it says is that if it is positive at both NPV 8% and NPV 12% then it is considered a Positive Bankable Feasibility Study. However, if it is only positive at NPV 8%, but not NPV 12% then "Teck may elect, in its sole discretion, to deem the report to be a Positive Bankable Feasibility Study."

It appears that Teck has 30 days to review this, and this is the stage we are at now.

I might add that Teck seems to have been doing a lot of work to study this feasibility for a long time now and their interest is clear. It may be that jump right into the negotiation phase after they have completed their review.